MOUNTAIN VIEW, Calif., May 31st, 2011 – Cavium Networks (NASDAQ: CAVM), a leading provider of semiconductor products that enable intelligent processing for networking, communications, and the digital home, today announced that Thecus Technology, a leading manufacturer of storage products, has begun shipping their latest generation of NAS product family based on Cavium’s ECONA System-On-Chips (SOCs).Delivering industry’s best performance at very cost-effective price points, this product family offers scalable platforms targeting low-, mid- and high-end Consumer and SMB NAS markets. According to a recent market research report from In-Stat, Thecus was ranked #1 in Asia and #6 worldwide in NAS market share.

Having successfully deployed multiple generations of storage and NAS products worldwide, Thecus has a good vantage point to directly assess the rapid growth in storage demands both in the SMB as well as Consumer space. The next generation Consumer and SMB NAS products require high performance while keeping the development and deployment costs low. To address these challenges, Thecus needed a robust, scalable, processing platform that provided significant processing headroom to enable multiple applications as well as deploy a family of products using a single platform. Cavium’s ECONA CNS34XX System On Chip (SoC) family provided a unique combination of high processing capacity, security and scalability, hardware acceleration and low power consumption. ECONA processors provide the best performance per dollar and best performance per watt in the industry, with multi-gigabit NAS performance under 2W.

The N2200Plus from Thecus is a 2-Bay NAS appliance targeted at the Consumer market. Based on the ECONA CNS3420, the N2200Plus provides advanced features like RAID 0/1, hot-swap, NAS and DAS modes and integrated download manager. In addition, the N2200Plus also integrates breakthrough features such as active LCD display, full multimedia support and USB2.0 OTG support. The N4100Eco is a very energy-efficient 4-Bay NAS appliance targeted at the SMB/SOHO markets. Based on the CNS3420, the N4100Eco provides integrated RAID5 support with best-in-class performance / watt.

“With multiple generations of successful product launches in the low-, mid- and high-end storage markets, Thecus has built up a strong brand presence in the worldwide NAS market,” said Andy Liao, Product Director at Thecus Technology. “Our choice of the central processing platform for our latest generation of NAS products had to meet very stringent performance, quality and scalability requirements to protect and build on this brand presence. We were impressed with the performance characteristics and the unique architecture of the CNS3XXX ARM SoC family from Cavium that enabled us to truly differentiate our products in the market.”

“Thecus is a recognized leader in the NAS market,” said Sridhar Gollapudi, Sr. Director of Marketing, Connected Home and Office Group at Cavium Networks. “The combination of Thecus’ innovative product offerings and ECONA family’s unique architecture will deliver innovative, high-performance products at very low power and attractive price points.”

About ThecusThecus® Technology Corp. specializes in IP Storage Server and Network Video Recorder solutions. The company was established in 2004 with the mission to make technology that is as transparent as it is easy-to-use and products that are not only the best on the market, but are accessible to experts and novices alike. Combining a world-class R&D team highly experienced in storage hardware and software development with a keen customer focus, Thecus® stays close to the market to develop high-quality products to fulfill the storage and surveillance needs of today’s world.

About Cavium Networks
Cavium Networks is a leading provider of highly integrated semiconductor products that enable intelligent processing for networking, communications and the digital home. Cavium Networks offers a broad portfolio of integrated, software-compatible processors ranging in performance from 10 Mbps to 40 Gbps that enable secure, intelligent functionality in enterprise, data-center, broadband/consumer and access and service provider equipment. Cavium Networks processors are supported by ecosystem partners that provide operating systems, tool support, reference designs and other services. Cavium Network’s principal offices are in Mountain View, CA with design team locations in California, Massachusetts, China, India and Taiwan. For more information, please visit: http://www.caviumnetworks.com.

Note on Forward-Looking Statements
This press release may contain forward-looking statements regarding future events that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. These forward-looking statements involve risks and uncertainties, as well as assumptions and current expectations. Our actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks, uncertainties and assumptions. The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include but are not limited to the rate at which our new products are adopted; technological advances; pricing pressures; general economic conditions; manufacturing difficulties, development of new products and technologies; whether Cavium is successful in marketing its products; and other risks and uncertainties described more fully in our documents filed with or furnished to the Securities and Exchange Commission. More information about these and other risks that may impact Cavium’s business are set forth in the “Risk Factors” section of our Form 10-K filed with the Securities and Exchange Commission on February 28, 2011. All forward-looking statements in this press release are based on information available to us as of the date hereof and qualified in their entirety by this cautionary statement, and we assume no obligation to revise or update these forward-looking statements.